Globalization is an especially compelling concept for business owners to consider. Instead of appealing to one market in your own country, you could appeal to quite a few on an international level. With the rise of social media, virtual assistants, and call answering services, it’s now possible to relocate your entire company to just about anywhere in the world.
Why it’s a Great Idea
Moving your business might sound like a lot of work, but the benefits you’ll receive in the long run will pay you back for that expense tenfold. Here are a couple of key reasons why you should consider making the move:
- You might find clientele for a product you’d otherwise written off.
- There are talented employees available at lower wages in other countries.
- You won’t have to pay the cost of relocating U.S. employees if they can do their job from home and you can communicate with them via Skype.
- Higher exposure in smaller areas might allow your business to corner a market.
For any entrepreneur, moving into your business into its first office can be a daunting task, especially as there are a range of issues to keep in mind that can range anywhere from logistical to legal.
Any office relocation should be strategically planned and executed to prevent last-minute hurdles. This blog post will help you examine some of the crucial issues that come with moving and how to deal with them as well as access the following six areas.
Given the stress of starting and running a business, it’s not surprising that small business owners often forget about some lesser-known types of insurance, or try to cut corners by foregoing the basics. Without the right insurance coverage, your business could lose a ton of money in an instant with nothing to back it up financially. Here are some areas small businesses almost always forget to insure.
1. Business Interruption Insurance: Because Disasters Wreck Your Bottom Line
Could your business survive a week or even a month of inactivity? Most can’t take that much lost revenue. Business interruption insurance protects you from losing money when your business cannot operate for a certain period of time.
If, for instance, your building was damaged, business interruption insurance would pay for areas including: Continue reading